NEW YORK (TheStreet) --Shares of Lennar Corp. (LEN) - Get Report are higher by 1.68% to $49.50 in pre-market trading on Friday morning, after the home-building company reported better-than-expected earnings results for the 2015 fourth quarter.
The Miami-based company posted earnings of $1.21 per share, compared to the $1.12 per share analysts surveyed by Thomson Reuters had forecast.
Lennar's revenue came in at $2.9 billion, a 14% year over year increase when compared to the 2014 fourth quarter. The company's revenue results were in-line with analysts' estimates.
New home orders for the 2015 fourth quarter popped by 10% year over year.
"We are pleased to announce our fourth quarter and fiscal 2015 results, as we achieved a 15% and 26% year-over-year increase in net earnings, respectively. This was the fourth consecutive year of growth in revenues, pre-tax earnings, deliveries and new orders," Lennar CEO Stuart Miller said in a statement.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate LENNAR CORP as a Buy with a ratings score of B+. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: LEN